Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
|
Total |
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Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 4,968,857 | 5,890,895 | 2,720,637 | 2,221,793 | 3,387,113 | 19,189,295 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 4,968,857 | 5,890,895 | 2,720,637 | 2,221,793 | 3,387,113 | 19,189,295 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f).. | 7,119,856 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 12,069,439 | |||||
Calendar year
(or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 4,968,857 | 5,890,895 | 2,720,637 | 2,221,793 | 3,387,113 | 19,189,295 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 79 | 42,757 | 64,865 | 131,435 | 182,409 | 421,545 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 16,039 | 1,145 | 124 | 2,102 | 1,731 | 21,141 |
| 11 | Total support. Add lines 7 through 10 | 19,631,981 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2015 | (b) 2016 | (c) 2017 | (d) 2018 | (e) 2019 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by .035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | ||
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
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| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | ||
| 4 Amounts paid to acquire exempt-use assets | ||
| 5 Qualified set-aside amounts (prior IRS approval required) | ||
| 6 Other distributions (describe in Part VI). See instructions | ||
| 7Total annual distributions. Add lines 1 through 6. | ||
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
||
| 9 Distributable amount for 2019 from Section C, line 6 | ||
| 10 Line 8 amount divided by Line 9 amount | ||
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2019 |
(iii) Distributable Amount for 2019 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2019 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions. |
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| 3 Excess distributions carryover, if any, to 2019: | ||||
| a From 2014....... | ||||
| b From 2015....... | ||||
| c From 2016....... | ||||
| d From 2017....... | ||||
| e From 2018....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2019 distributable amount | ||||
|
i
Carryover from 2014 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from 3f. | ||||
| 4Distributions for 2019 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2019 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from 4. | ||||
|
5
Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
7 Excess distributions carryover to 2020. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2015..... | ||||
| b Excess from 2016..... | ||||
| c Excess from 2017..... | ||||
| d Excess from 2018..... | ||||
| e Excess from 2019..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | OTHER INCOME - 2015 AMOUNT: $ 16,039. 2016 AMOUNT: $ 1,145. 2017 AMOUNT: $ 124. 2018 AMOUNT: $ 2,102. 2019 AMOUNT: $ 1,731. |
| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 4A- PROGRAM SERVICE ACCOMPLISHMENTS: | RIVERFIRST: THE RIVERFIRST INITIATIVE IS A 20-YEAR VISION FOR CREATING A SERIES OF INTERCONNECTED PARKS AND TRAILS ALONG 5.5 MILES OF THE MISSISSIPPI RIVER FROM DOWNTOWN MINNEAPOLIS TO THE CITY'S NORTHERN LIMIT. THE PARKS FOUNDATION'S GOAL IS TO WORK WITH MINNEAPOLIS PARK AND RECREATION BOARD (MPRB), THE CITY OF MINNEAPOLIS, AND OTHER PUBLIC AND PRIVATE PARTNERS TO REALIZE THE VISION OF BETTER CONNECTING THE MISSISSIPPI RIVER TO NEIGHBORHOODS THAT HAVE NOT BENEFITED FULLY FROM THE CITY'S ABUNDANT NATURAL RESOURCES AND THE GRAND ROUNDS THAT TRADITIONALLY HAVE DEFINED MINNEAPOLIS FOR GENERATIONS. THE PARKS FOUNDATION'S ROLE IS TO BRING PRIVATE PHILANTHROPY TO RIVERFIRST AND TO ENGAGE THE COMMUNITY IN ORDER TO KEEP THIS VISION FRESH AND A PRIORITY IN THE CITY. IN 2019, THE PARKS FOUNDATION (1) REACHED A MILESTONE OF $17.5M SECURED OR COMMITTED TO THE $18.1M RIVERFIRST CAPITAL CAMPAIGN, BEGUN IN 2015; (2) LAUNCHED THE RIVERFIRST CAMPAIGN PUBLIC PHASE; (3) COMMEMORATED WATER WORKS GROUNDBREAKING IN A PUBLIC EVENT; (4) ANNOUNCED THE DESIGN CONCEPT AND CONSTRUCTION TIMELINE FOR THE OVERLOOK PHASE OF THE RIVER LINK PROJECT; (5) ENGAGED THE COMMUNITY THROUGH MORE THAN 95 HOSTED VISITS AND GATHERINGS - INCLUDING COMMUNITY MEETINGS, GUIDED RIVERFRONT WALKING TOURS, PUBLIC PRESENTATIONS, CULTIVATION EVENTS, AND WATER TAXI BOAT TOURS - WHICH HAVE CONNECTED AN ESTIMATED 1,000+ SUPPORTERS AND POTENTIAL SUPPORTERS TO THE MISSISSIPPI RIVER AND THE CAMPAIGN; (6) ADVOCATED FOR STATE BOND FUNDING TO SUPPORT REGIONAL PARKS AND RIVERFIRST PROJECTS; AND (7) COMMUNICATED KEY PROJECT MILESTONES DEMONSTRATING PROGRAM MOMENTUM. WATER WORKS: WATER WORKS, ONE OF THE SIGNATURE PARKS WITHIN THE RIVERFIRST VISION, IS REPRESENTATIVE OF AN EXCITING ADDITION TO THE MINNEAPOLIS PARK SYSTEM AND A FEATURE OF THE FUTURE SAINT ANTHONY FALLS REGIONAL PARK. IN 2019, CONSTRUCTION OFFICIALLY BEGAN ON THE PROJECT, AHEAD OF A PLANNED FALL 2020 PARK AND PAVILION OPENING AND SPRING 2021 RESTAURANT OPENING. ACTIVITIES THIS YEAR INCLUDED (1) COMMEMORATING GROUNDBREAKING; (2) FINAL NEGOTIATION OF A WATER RE-USE AGREEMENT TO PROVIDE RAINWATER FOR GRAYWATER AND IRRIGATION; (3) PLANNING ON THE FUTURE RESTAURANT; (4) PREPARATION FOR A PUBLIC ART PROJECT; (5) PARTICIPATION IN PROJECT AND CONSTRUCTION MANAGEMENT; AND (6) COMMUNICATING PROGRESS TO CONSTITUENTS. GREAT NORTHERN GREENWAY RIVER LINK: UPSTREAM FROM WATER WORKS AND WITHIN THE RIVERFIRST CORRIDOR, A NEW PARK WILL REPLACE A CHAIN LINK FENCE AND ABANDONED LOT AT THE TERMINUS OF THE 26TH AVENUE NORTH PEDESTRIAN AND BIKE TRAIL, KNOWN AS THE GREAT NORTHERN GREENWAY. IN 2019, THE PARKS FOUNDATION, IN PARTNERSHIP WITH MPRB: (1) SUSTAINED COMMUNITY ENGAGEMENT AROUND THE PROJECT; (2) ANNOUNCED THE OVERLOOK DESIGN CONCEPT; (3) CONTINUED A PARTNERSHIP WITH JUXTAPOSITION ARTS, BRINGING MORE THAN 50 YOUTH TO THE RIVER LINK DESIGN AND PLANNING PROCESS, WHICH RESULTED IN A YOUTH-DESIGNED CUSTOM STEEL RAILING THAT WILL BE INCORPORATED INTO THE FINAL DESIGN; AND (4) CO-LED THE GREAT NORTHERN GREENWAY STEERING COMMITTEE, A COMMUNITY-BASED ADVOCACY GROUP ADVANCING A UNIFIED VISION FOR THE TRAIL. NEXT GENERATION OF PARKS EVENT SERIES: THROUGH THE NEXT GENERATION OF PARKS EVENT SERIES, THE PARKS FOUNDATION INVITES GLOBAL DESIGN INNOVATORS AND LOCAL THOUGHT LEADERS TO SHOWCASE THE MOST EXCITING NEW PARK DESTINATIONS AND DELVE INTO IMPORTANT ISSUES AFFECTING OUR VIBRANT CITY AND REGION. THE AIM OF THE PROGRAM IS TO INTRODUCE THE TWIN CITIES COMMUNITY TO NEW, ENGAGING, AND CRITICALLY ACCLAIMED WORK THAT FOCUSES THE INTERSECTION OF PARKS DESIGN AND PLANNING WITH CRITICAL ISSUES OF OUR DAY, INCLUDING CLIMATE, EQUITY, AND HEALTH. IN 2019, THE PARKS FOUNDATION HOSTED THREE LECTURES THAT EXPLORED (1) THE ISSUE OF PARKS AND GENTRIFICATION (ROBERT HAMMOND, FRIENDS OF THE HIGH LINE); (2) PRESCRIBING PARKS FOR MENTAL AND PHYSICAL HEALTH (DR. ROBERT ZARR, PARKS RX AMERICA); AND (3) NEW YORK CITY PARKS PLANNING FOR THE 21ST-CENTURY (MITCHELL J. SILVER, NEW YORK CITY PARKS). WE ENGAGED MORE THAN 800 PEOPLE THROUGH THIS SPEAKER SERIES AND RELATED EVENTS. CONVENING PARKS PARTNERSHIPS: THE PARKS FOUNDATION BRINGS TOGETHER PUBLIC AND PRIVATE AGENCIES WORKING TO IMPROVE MINNEAPOLIS AND REGIONAL PARKS, ADDRESSING CLIMATE CHANGE THROUGH PUBLIC LANDS, AND SEEKING TO ENGAGE THE COMMUNITY IN DESIGN AND PROGRAM CONVERSATIONS. IN ADDITION TO THE MINNEAPOLIS PARK BOARD AND CITY OF MINNEAPOLIS, THE PARKS FOUNDATION COLLABORATES WITH THE FRIENDS OF THE MISSISSIPPI RIVER, GREEN MINNEAPOLIS, JUXTAPOSITION ARTS, LOPPET FOUNDATION, MINNESOTA PUBLIC RADIO, MISSISSIPPI PARK CONNECTION, MISSISSIPPI WATERSHED MANAGEMENT ORGANIZATION, PILLSBURY UNITED COMMUNITIES, UMN DEPARTMENT OF LANDSCAPE ARCHITECTURE, WALKER ART CENTER, WILDERNESS INQUIRY, AND MANY OTHERS. NATIONAL CONVERSATIONS: AS THE PARKS FOUNDATION'S WORK DELVES DEEPER INTO CIVIC AND SOCIAL ISSUES INTERSECTING WITH PARKS, WE HAVE A BIGGER ROLE IN NATIONAL CONVERSATIONS WITH A GOAL OF SHARING OUR EXPERIENCE WITH OTHERS AND BRINGING BACK KEY LEARNINGS FROM THESE EVENTS INFORM OUR WORK IN MINNEAPOLIS. IN 2019, THE PARKS FOUNDATION (1) LED A COALITION OF MINNEAPOLIS/ST. PAUL CIVIC LEADERS TO A ONE DAY VISIT OF THE 11TH STREET BRIDGE PROJECT IN WASHINGTON D.C., A MODEL FOR EQUITABLE PUBLIC SPACE DEVELOPMENT; (2) JOINED THE HIGH LINE NETWORK; AND (3) PARTICIPATED IN THE KNIGHT PUBLIC SPACES FORUM AND REIMAGINING THE CIVIC COMMONS. CHAMPIONING NEIGHBORHOOD PARKS: THE PARKS FOUNDATION SEEKS TO ENSURE THAT ALL MINNEAPOLIS RESIDENTS BENEFIT FROM OUR PARKS. IN 2019, WE CHAMPIONED NEIGHBORHOOD PARKS BY (1) HOSTING WALK & TALKS, AN EVENT SERIES FEATURING UNIQUE PARKS STORIES AND PLACES, (2) SUPPORTING DONOR-DIRECTED GIFTS TOWARD AQUATICS PROGRAMMING (INCL. LIFEGUARD RECRUITMENT AND TRAINING, SWIM LESSON SCHOLARSHIPS, CULTURALLY APPROPRIATE SWIMWEAR) AND TOWARD DESIGN EXPLORATION FOR A NEW BATHHOUSE AT JIM LUPIENT WATER PARK; (3) RE-STOCKING 50+ LITTLE FREE LIBRARIES WITH 2,000+ CULTURALLY RELEVANT ADULT AND CHILDREN'S BOOKS, INCLUDING 490 WATER-THEMED TITLES IN ENGLISH AND SPANISH; (4) SUPPORTING ENGAGEMENT BY SPONSORING MINNEAPOLIS SLOW ROLL; (5) SECURED FUNDING FOR INVESTMENT IN THE ELOISE BUTLER WILDFLOWER GARDEN IN THEODORE WIRTH REGIONAL PARK; AND (6) CO-HOSTING OR PARTICIPATING IN COMMUNITY EVENTS (INCL. EARTH DAY CLEAN-UP, GET OUTDOORS DAY, COMMUNITY CONNECTIONS CONFERENCE). |
| FORM 990, PART VI, SECTION A, LINE 1 | THE ORGANIZATION HAS AN EXECUTIVE COMMITTEE WHICH IS COMPOSED OF THE BOARD CHAIR, VICE CHAIR, SECRETARY, TREASURER, IMMEDIATE PAST CHAIR, AND THE EXECUTIVE DIRECTOR. THE EXECUTIVE COMMITTEE HAS THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF BUSINESS OF THE FOUNDATION IN THE INTERVAL BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | A DRAFT OF THE FORM 990 IS REVIEWED BY MANAGEMENT AND BY THE FINANCE COMMITTEE OF THE BOARD. A DRAFT IS THEN GIVEN TO THE FULL BOARD OF DIRECTORS, WHO REVIEWS AND APPROVES IT AT A MEETING BEFORE THE FORM 990 IS SUBMITTED TO THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION'S CONFLICT OF INTEREST POLICY APPLIES TO "RESPONSIBLE PERSONS," AS DEFINED IN THE POLICY AS DIRECTORS, MEMBERS OF COMMITTEE WITH THE AUTHORITY OF THE BOARD, AND OFFICERS. RESPONSIBLE PERSONS RECEIVE A COPY OF THE CONFLICT OF POLICY ONCE A YEAR AND THEN COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM. THESE FORMS ARE REVIEWED BY THE EXECUTIVE DIRECTOR. IN ADDITION, WHEN A CONFLICT OF INTEREST ARISES AT A BOARD OR COMMITTEE MEETING, THE PERSON WITH THE CONFLICT IS REQUIRED TO DISCLOSE ALL FACTS ABOUT THE CONFLICT AT THE MEETING. THE BOARD OR COMMITTEE REVIEWS EACH CONFLICT DURING THE MEETING AND DECIDES HOW TO PROCEED ON THE DECISION. THE PERSON WITH THE CONFLICT DOES NOT VOTE ON THE MATTER AND MAY BE REQUIRED TO LEAVE THE ROOM DURING THE VOTE. THE DISCLOSURE, REVIEW, AND DECISION ARE RECORDED IN THE MEETING'S MINUTES. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE EXECUTIVE DIRECTOR'S COMPENSATION WAS REVIEWED AND DETERMINED BY THE EXECUTIVE COMMITTEE, USING COMPENSATION DATA FROM COMPARABLE ORGANIZATIONS STATE-WIDE AND ACROSS THE NATION. THE DELIBERATION WAS HELD IN EXECUTIVE SESSION (NO STAFF) AND WAS DOCUMENTED WITH A LETTER FROM THE CHAIR TO THE EXECUTIVE DIRECTOR, WITH A COPY TO THE STAFF MEMBER WHO HANDLES PAYROLL. THIS PROCESS WAS LAST COMPLETED IN 2019. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | CHANGE IN FUNDS HELD FOR OTHERS - RIVERFIRST 2,087,577. |
| Software ID: | |
| Software Version: |